Obama making big mistake on taxes
Raising taxes on the rich will only pay down the debt for 10 days. What about the remaining 355 days of the year? What seems to be off the table is that 36 Obama aides owe $1 million in back taxes. Obama’s servant government aides owe $833,970.00 in back taxes. At the EPA, 413 people owe more than $19 million in back taxes.
At the FDIC, 185 employees owe more than $3 million and five people at the U.S. Tax Court owe $62,508.00 in back taxes.
Pravda is the most popular Russian newspaper in their country. In a recent article, it stated: Obama has been re-elected for a second term by an illiterate society and he is ready to continue his lies of less taxes while he raises them.
The rich are taxed more than once. They pay 35 percent in payroll tax; they pay state and local tax; 15 percent on capital gains tax for investing is a risk, and don’t forget the death tax. Government doesn’t have a revenue problem, government has a spending problem. The rich view tax increases as an expense. They pass on that cost to the middle class or they don’t hire or they move their companies overseas where Obamacare isn’t required.
President Obama stated that the rich should pay their fair share in taxes.
Why didn’t President Obama pay his fair share of taxes?
His secretary, Anita Decker Breckenridge, paid a higher income tax rate with a much lower income!
Around two-thirds of Britain’s millionaire earners have left Britain after the 50p top rate of tax was introduced.
History repeats itself.
Let’s keep making the same mistakes.